I had a multi-unit rental property that I purchased over 25 years ago. At least ten years ago it fell into disrepair and I gave up trying to rent it out. It's basically been sitting empty for the last ten years. I've been paying the property taxes and that's it. Since it technically wasn't "available to rent" I haven't even listed it on my tax return, nor have I deducted any of those taxes I've been paying.
In 2024 I paid over $40k to have the unit demolished and sold the land for $1. I know I can add the demo costs to the original land basis. But can I include the property taxes I've been paying these last ten years?
